Ragchaasuren, Galindev (2005) On the Effect of Monetary Stabilisation Policy on Long-run Growth. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.
Ragchaasuren, Galindev (2005) On the Effect of Monetary Stabilisation Policy on Long-run Growth. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.
Ragchaasuren, Galindev (2005) On the Effect of Monetary Stabilisation Policy on Long-run Growth. Working Paper. University of Essex, Department of Economics, Economics Discussion Papers, Colchester.
Abstract
This paper presents a stochastic monetary growth model with nominal rigidities and active monetary policy in which technological change contains both deliberate (internal) and serendipitous (external) learning mechanisms. The model is used to describe how the implications of monetary stabilization policy for the long-run economic performance could change due to the ambiguity on the relationship between secular growth and cyclical volatility.
| Item Type: | Monograph (Working Paper) |
|---|---|
| Subjects: | H Social Sciences > HB Economic Theory |
| Divisions: | Faculty of Social Sciences > Economics, Department of |
| Depositing User: | Users 161 not found. |
| Date Deposited: | 28 Aug 2014 13:20 |
| Last Modified: | 28 Aug 2014 13:20 |
| URI: | http://repository.essex.ac.uk/id/eprint/8883 |
Available files
Filename: dp587.pdf